The wood vinegar market, in terms of value, is projected to reach around USD 6.7
Million by 2022, at a CAGR of 7.2% from 2016 to 2022.
The wood vinegar market has grown steadily in
the recent years. It has a significant impact on agriculture as a bio-based
agricultural input, in terms of increasing the yield, quality, and
nutrition-level of the produced crops, and this has led to its high demand
across the world. This is due to the need for food products that are required
to be safe for consumption as busy lifestyles of people, especially in the
developed regions, opt for convenience food products. However, health conscious
people nowadays are demanding for organic food products which are produced
using organic agricultural practices and organic agricultural inputs and this
has led to the increase in use of biopesticides and bio-based fertilizers, such
as wood vinegar in agriculture.
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The
objectives of the study includes:
· To understand and analyze the market segmentation, such as type,
function, and application
· To understand the structure of the wood vinegar market by
identifying its various subsegments
· To provide detailed information about the key factors
influencing the growth of the market (drivers, restraints, opportunities, and
industry-specific challenges)
· To strategically profile key players and comprehensively analyze
their core competencies
This report includes
estimation of market sizes for value (USD thousand) and volume (cubic meter).
Both top-down and bottom-up approaches have been used to estimate and validate
the size of the wood vinegar market and various other dependent submarkets in
the overall market. Key players in the market have been identified through
secondary research, and their market share in their respective regions has been
determined through primary and secondary research. All percentage shares,
splits, and breakdowns have been determined using secondary sources and were
verified through primary sources.
The global wood vinegar market has grown
steadily in the last few years. The market size is projected to reach USD 6.7
Million by 2022, at a CAGR of around 7.2% from 2016 to 2022. The growing demand
for bio-based agricultural inputs is the major driving factor of this market.
To speak to our analyst for a discussion on the
above findings, click Speak to Analyst
The wood vinegar market in Asia-Pacific is projected to grow at
the highest CAGR during the forecast period. The major drivers for the growth
of the wood vinegar market include the rapidly growing demand for biopesticides
and biofertilizers. Low awareness about the application of wood vinegar is the
factor restraining the market.The
global market is characterized by low competition due to the presence of a few
of large- and small-scale firms. Expansions and joint ventures are the key
strategies adopted by these players to ensure their growth in the market. The
market is dominated by players such as ACE (Singapore) Pte Ltd., Canada
Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD.
(China), and Byron Biochar (Australia). Other players include New Life Agro
(U.S.), Verdi Life (U.S.), Nakashima Trading Co. Ltd. (Japan), Penta
Manufacturer (U.S.), and Doi & Co., Ltd (Japan).
